Experts Financial News

Adani Enterprises rose 3.5% to Rs 2,250 in Friday's trade on NSE as the Supreme Court finished hearing on the Hindenburg issue and reserved its order. Other Adani stocks such as NDTV and Adani Power also rose 8.3% and 4.5%, respectively. Adani Energy Solutions, Adani Green Energy, Adani Ports and Adani Total Gas also rose over 1%. Market regulator SEBI on Friday informed the Supreme Court that it will not be seeking an extension to complete its probe in the Adani-Hindenburg matter. A Supreme Court-appointed expert committee had an interim report in May stating that it saw “no evident pattern of manipulation" in billionaire Gautam Adani's companies and there was no regulatory failure. It, however, cited several amendments the SEBI made between 2014 and 2019 that constrained the regulator's ability to investigate, and its probe into alleged violations of money flows from offshore entities has «drawn a blank». Chief Justice of India DY Chandrachud on Friday asked the SEBI, represented by Solicitor General Tushar Mehta what it has been doing on investor value and if it is ensuring their protection. «There is extreme volatility in the stock market.

Rockingdeals Circular Economy was subscribed 142.16 times on the last day of bidding on Friday. The SME board IPO received over 21.35 crore bids against the issue size of 15 lakh shares as of 4:30 pm. As a result of this overwhelming response to the IPO, the share is already demanding a 30% premium on the issue price of Rs 136-140/share in the grey market. The IPO opened for subscription on November 22, Wednesday. The company planned to raise Rs 21 crore through fresh issue of shares.

The Dow Jones Industrial Average rose 26.87 points, or 0.08%, at the open to 35,299.90. The S&P 500 opened lower by 0.78 points, or 0.02%, at 4,555.84, while the Nasdaq Composite dropped 27.82 points, or 0.20%, to 14,238.04 at the opening bell.

Navigating kids’ social media use is a complex issue in the modern day of parenting, and something parents may be grappling with as they decide whether to gift their children smart devices this holiday season.

Capital markets regulator Sebi on Friday came out with a proposal to provide flexibility in adopting trading plans by persons, who are perpetually in possession of unpublished price sensitive information. Under the rule, 'Trading Plans' (TP) enable persons like senior management or Key Managerial Personnel (KMP), who are perpetually in possession of Unpublished Price Sensitive Information (UPSI), to trade in securities in a compliant manner. «Since the introduction of trading plans in 2015, data and market feedback suggest that the current regulatory requirements in respect of trading plans are onerous and consequently, trading plans are not very popular,» Sebi said in its consultation paper.

Nifty Bank closed with gains of nearly 200 points outperforming the benchmark index for the second day in a row on Friday. The index rose 191 points to close at 43,769. It rose to an intraday high of 43,806 while on the downside it hit an intraday low of 43,566.

dearness allowance (DA) for certain Central Government employees drawing salaries as per the 6th pay commission and 5th pay commission has been hiked. This has been announced through an Office Memorandum dated November 16, 2023, by the Department of Public Enterprises of the Finance Ministry.

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Sanjay Banka, CFO, Senco Gold, says “the next two quarters will not be better than the first half. If we look at the past trends, the major sales happen up to Dhanteras. We have already seen around 26-27% year-on-year growth till today. The next quarters are likely to take the blended growth up to 25%. Secondly, as far as the growth across all the zones is concerned, we are very happy that we are growing across all the zones in India, particularly in the Eastern zone where the growth is around 22%.” Have you witnessed a strong festive demand? Also, what is the expectation for the upcoming wedding season? We are very much delighted with the festive demand. While the World Gold Council has said that around 9% growth has happened in the first nine months of the current calendar year, we have grown by almost 26% year-on-year versus last year. And we have seen a similar trend during the Dhanteras festival, a 25% increase. So we are very much delighted. It clearly shows the faith and trust of the consumers. We are looking for a similar trend for the rest of the year in the wedding season because in the wedding season, we are talking about around 30 lakh weddings and Rs 4.5 lakh crore expenditure, a major part of that is likely to come to the jewellery industry.

NSE and BSE will be closed for trading on Monday, November 27 on account of Gurunanak Jayanti. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will not trade. Commodity exchange MCX will also be closed during the morning session but will open for trading in the evening session between 5 pm and 11:30 pm. The country's largest agricultural commodity exchange NCDEX will remain closed for trading in both sessions.

Securities and Exchange Board of India (SEBI) on Friday said the Supreme Court that it would not seek an extension to complete a probe into Gautam Adani's group. As reported by ANI, During the hearing on the Hindenburg report matter, SG Tushar Mehta informed the Supreme Court that the SEBI is not requesting additional time for further investigations related to the Hindenburg report.

In Friday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup.

MphasiS Ltd. traded 1.05 per cent down in Friday's trade at 01:33PM (IST). Around 1,419 shares changed hands on the counter.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

Ambuja Cements Ltd. fell 0.63 per cent to Rs 412.9 in Friday's session as of 01:38PM (IST) even as the equity benchmark Sensex traded 86.94 points lower at 65930.87. Earlier in the day, the stock witnessed a gap down start to the session.

Tata Power Company Ltd. traded 1.04 per cent lower in Friday's session at 01:43PM (IST). The stock opened at Rs 261.65 and has touched an intraday high and low of Rs 261.65 and Rs 256.95, respectively, during the session so far.

Multibagger stock: Shares of Rattanindia Enterprises Ltd are one of the multibagger stocks that Indian stock market has produced in current financial year. After bottoming out at around ₹33 apiece levels at the end of March 2023, this drone maker stock has risen to a new high of ₹81.60 apiece levels on NSE during Friday deals, delivering around 150 per cent return in FY24. RattanIndia share price had hit new high on Thursday session as well.

₹54.5 lakh crore, implying 16.6% holdings of overall Indian equities as of November 2023 which is the lowest since 2012, as per ICICI Securities. FPIs have sold Indian equities worth more than ₹40,000 crore since September this year.

Godrej Expert Rich Crème maintains a significant presence in the hair colouring domain, providing consumers with a blend of affordability and quality. Godrej Expert Rich Crème has launched its TV commercial conceptualised by Lightbox, the in-house creative studio of GCPL.

Question: What disclosure requirements are required to be made by Indian investors at the time of furnishing of tax return where investments are made in foreign stocks? And, what are the relevant consequences if such disclosure requirements are not fulfilled?

Reducing import duties on inputs and capital goods could help the government cut down the need for many of the existing export schemes, think tank GTRI said on Friday. This would be an important step as India continues to face challenges in managing these incentives within the framework of international trade laws, it said. The Global Trade Research Initiative (GTRI) said that many countries, including major trade partners of India like the European Union (EU) and the US continue to declare Indian schemes as subsidies and “punish” exporters by charging countervailing duties. America and the EU account for over 20 per cent of the country’s total outbound shipments.